Leave a Comment

Corrections and amplifications
Megan McArdle — ... Professor DeLong's misunderstanding was my fault for not being clear--the penalty of a form that is written quickly.  But I confess to being purely puzzled as to Professor Krugman's addendum: ...

Late, Er, Morning Thoughts of a Stimulus Skeptic
Unqualified Offerings — ... money spent on infrastructure (bridge maintenance! SUPERTRAINS!) and health care is more productive of sustained economic health than money spent on JDAM’s and military contractors, and that tax relief for lower brackets may sustain living standards better than tax relief for upper brackets. (Then again, it may just ignite inflation.) But as progressives have complained, there’s only so much infrastructure money in the current stimulus bill. Meanwhile, all the talk is about jump-starting demand still, when the real social need seems to be to ...

All stimulus, all the time
Megan McArdle — ... clarifies what the confusion is over my very simple point. I don't think Tyler understands what I (and everybody else) means by government spending. I don't mean the government handing someone a rebate check; I mean the government actually, you know, buying something -- say, building a bridge. ...